Re: Clinton Portis files for Bankruptcy
 

a lot of those linemen aren't naturally chunky and are basically force feeding themselves. the ones that want to live past 60 do the smart thing and ditch the extra weight.

Re: Clinton Portis files for Bankruptcy
 

[quote=OmahaRedskins;1138383]He was on ESPN980 and explained what happened. It's a sad deal.[/quote]

Yeah, I heard that radio segment as well.

1. He said he bought his mom a house paid in full. Then someone took out a mortgage/loan on it that he didnt even know about and the mortgage/loan defaulted. Czabe pressed him saying "how can you be responsible for a loan you didnt even sign or see?" ... portis said that is what he is fighting right now.

I am guessing only the people named on the home's title could take out a loan, im guessing his mom took out a loan on the house.

2. casino investment went wrong. apparently lots of star athletes on this deal but clinton was named as "primary" or something like that. he said he was the lead guy bc he was making money back then .... he is currently suing the investment dealer guy.

sad to see but not unexpected. money goes quick.

Re: Clinton Portis files for Bankruptcy
 

[quote=over the mountain;1138434]Yeah, I heard that radio segment as well.

1. [B]He said he bought his mom a house paid in full. Then someone took out a mortgage/loan on it that he didnt even know about and the mortgage/loan defaulted. Czabe pressed him saying "how can you be responsible for a loan you didnt even sign or see?" ... portis said that is what he is fighting right now. [/B]
I am guessing only the people named on the home's title could take out a loan, im guessing his mom took out a loan on the house.

2. casino investment went wrong. apparently lots of star athletes on this deal but clinton was named as "primary" or something like that. he said he was the lead guy bc he was making money back then .... he is currently suing the investment dealer guy.

sad to see but not unexpected. money goes quick.[/quote]

The ultimate trifling move. This is why some people don't deserve shit. Probably went to the government for a handout modification afterwards.

Re: Clinton Portis files for Bankruptcy
 

Mark Brunell also wound up filing for bankruptcy a few years back as well.

Re: Clinton Portis files for Bankruptcy
 

brunell got suckered into a bad real estate investment scheme of some kind. he talked about it on 980 a while back, but i forget the details.

as for his mom's house, if he paid it in full and signed it over to her (bad move), then someone could trick her into signing a mortgage and the house could be taken without his signature or involvement, and he could be trying to fight it as predatory.

i don't really care enough to look into it.

Re: Clinton Portis files for Bankruptcy
 

[quote=That Guy;1139130]brunell got suckered into a bad real estate investment scheme of some kind. he talked about it on 980 a while back, but i forget the details.

as for his mom's house, if he paid it in full and signed it over to her (bad move), then someone could trick her into signing a mortgage and the house could be taken without his signature or involvement, and he could be trying to fight it as predatory.

i don't really care enough to look into it.[/quote]

Mark Brunell, Tony Boselli, and some other former NFL players were talked into buying a derelict strip mall near downtown Jacksonville with the intention of developing it, etc.. This was right before Jacksonville's famous "depression" where basically real estate became worthless and the city itself flirted with declaring bankruptcy.

Anyway, long story short, some of the other players defaulted on making their share of the mortgage payments, leaving Brunell to attempt paying the loan with his own funds. Keep in mind that the building was never developed, it was basically abandoned. Brunell did it for as long as he could, but eventually declared bankruptcy. It was his business that went bankrupt, not him. I understand that he got to keep his cars, houses, etc, it was just his company (that also owned a chain of whataburger locations) that went belly up.

Re: Clinton Portis files for Bankruptcy
 

thanks for the info.

Re: Clinton Portis files for Bankruptcy
 

Wanted to update those who cared about the Portis situation. He is now close to being evicted, and on official documents he listed that he has only $150.00 in his checking account. Even though I was not a big Portis fan, this is still sad.

[url=http://www.totalprosports.com/2016/04/19/clinton-portis-close-to-being-evicted-owes-6500-in-back-rent-only-has-150-in-checking-acct/]Clinton Portis Close To Being Evicted; Owes $6500 In Back Rent, Only Has $150 In Checking Acct | Total Pro Sports[/url]

Re: Clinton Portis files for Bankruptcy
 

I would think his teammates would take care of him. Does he have a job ?

Re: Clinton Portis files for Bankruptcy
 

[quote=Irrefutable;1142382]I would think his teammates would take care of him. Does he have a job ?[/quote]

Why would they do that when he made the type of money he did?

Re: Clinton Portis files for Bankruptcy
 

Considering that certain debts are not dischargeable in bankruptcy (i.e. child support, federal tax liens), Clinton looks like he's going to have some difficulty moving forward. I'm sure he can get some relief in his custody case based on his new income, but the liens normally don't go away.